Luxury high-rises in Miami are being designed for short-term rentals on Airbnb, reshaping the real estate landscape.
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Luxury Airbnb High-Rises in Miami
Miami is experiencing a trend of luxury high-rises tailored for short-term rentals on platforms like Airbnb. Developments such as West 11th Residences feature high-end amenities and are designed to attract investors seeking passive income through short-term rentals. Miami serves as a testing ground for this new model of urban development.
Impact of Purpose-Built Airbnb Condos
Purpose-built Airbnb condos are reshaping the real estate landscape in Miami. These developments present opportunities for investors to monetize assets through short-term rentals. While the concept shows promise in meeting flexible lifestyle demands, there are concerns about potential impacts on housing availability and the traditional rental market.
Airbnb is encouraging developers to build condo towers purposefully designed to be listed for short-term rentals. Units are selling fast in Miami and coming soon to other US cities.